Hi guys,
I think we might see 1.5k (resistance) for eth on the short term then eth dip to 1250ish to test support. It looks like an ending diagonal to me. we have a MACD bearish divergence on the 4h (higher high price with lower highs MACD). Price move in the triangle in a 3 wavish pattern like an ending diagonal, some call it a bearish ascending triangle.
If prices fail at 1.5k, then this count is the most probable to me. of course if we break 1.5k, 2k is the first rendez-vous that i have.
I think we might see 1.5k (resistance) for eth on the short term then eth dip to 1250ish to test support. It looks like an ending diagonal to me. we have a MACD bearish divergence on the 4h (higher high price with lower highs MACD). Price move in the triangle in a 3 wavish pattern like an ending diagonal, some call it a bearish ascending triangle.
If prices fail at 1.5k, then this count is the most probable to me. of course if we break 1.5k, 2k is the first rendez-vous that i have.
Trade closed: target reached:
short term target reached
